- Improper US Government Payments Hit $98 Billion
- Rally's Low Volume Prompts Question: Whither Buyers?
- Cadbury Up on Hopes of Hershey-Ferrero Counterbid
- Microsoft Ordered to Stop Some Windows Sales in China
- Former Merrill CEO Thain Defends Wall Street Bonuses
- China Premier Seeks to Reassure Obama on Trade
- Boats Seized in Madoff Scandal Sell for $2 Million
- 15 Richest Members of Congress
- House Leaders Want Job Creation Bill Before Year-End
- Best Sector Plays for 2010: Citi's Levkovich
- Pulse of Private Equity
- Abbott, Arbiter & Avoidance
- Can YouTube Revolutionize Citizen Journalism?
- I Have to Leggo My Eggo
- Appraisals Now Center Stage in Housing Recovery
- Expect Stocks to Rise 15-20% by Mid-2010: Chief Investor
- Profiting from This Volatile Options Expiration Week: Analyst
- Nov. 17: Unusual Volume Leaders
- Mitsubishi UFJ profit up 53 pct, raising $11.2 bln
- Iraq seeks support from French firms
- Small firms scrapping, scaling back health plans
- UK's ITV names new chairman
- Experian credit agency 1H profit down 4.5 percent
- SPIN METER: Feds buy green cars, auction rejects
- Kudzu-munching bug also threatens US bean crops
- Tajiks write off $550 million debt owed by farmers
- Supermarket operator Ahold 3Q profit up 22 percent
Starwood to offer new 10-year senior notes
Text Size 
WHITE PLAINS, N.Y. - Starwood Hotels & Resorts Worldwide Inc. said Thursday it will offer 10-year senior notes in a public offering.
The hotel chain operator, based in White Plains, N.Y., plans to use the proceeds to buy $200 million in aggregate principal amount of its outstanding 7.875 senior notes due 2012 and up to $100 million in aggregate principal amount of outstanding 6.250 percent senior notes due 2013.
The joint bookrunning managers are Citigroup Global Markets Inc., Banc of America Securities LLC, Calyon Securities Inc., RBS Securities Inc. and Scotia Capital Inc.
Starwood shares rose $1.51, or 5.1 percent, to close at $31.25.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Print
Email
- How to put some green into your portfolio.
- Returning from a Ron Paul political rally, one supporter was held at an airport due to the amount of cash he was carrying. NYT reports.
- Chances for a climate change treaty look dim at the Copenhagen conference.
- Dollar rebound? Wait at least another 10 months, charts say.
- Online social networking phenomenon Facebook is the source of New Oxford American Dictionary’s word of the year.
- Hard times in Hollywood are boosting job applications in the porn business.
Data is a real-time snapshot *Data is delayed at least 15 minutes